LONDON Feb 27 Part-nationalised Royal Bank of
Scotland said it would refocus on serving British
customers after reporting an 8.2 billion pound ($13.64 billion)
loss for 2013, hit by restructuring costs and misconduct
The bank, which is 81 percent-owned by the government, said
it would cut operating costs by 5.3 billion pounds over the
medium term. It will also lift the proportion of its assets
based in Britain to 80 percent from 60 percent.
RBS risked a political backlash by saying it would hand out
576 million pounds in staff bonuses for 2013, down 15 percent on
the year before.